IMMO Z: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMO Z
Largest movements
- Cash -€16,124
down €16,124 (-98.7%), from €16,328 to €205
mainly Net result for the year (-€23,093) and Trade debts (-€3,400)
- Receivables within one year -€2,807
down €2,807 (-62.4%), from €4,495 to €1,688
- Tangible fixed assets -€606
down €606 (-34.3%), from €1,767 to €1,161
- Profit (loss) carried forward -€23,093
down €23,093, from €9,120 to -€13,974
- Other debts +€6,605
up €6,605 (+159%), from €4,153 to €10,759
- Trade debts -€3,400
down €3,400 (-59.6%), from €5,707 to €2,307
- Accrued charges and deferred income +€502
up €502 (+553%), from €91 to €593
- Gross operating margin -€28,582
down €28,582, from €7,751 to -€20,830
- Depreciation +€555
up €555 (+1,100%), from €50 to €606
- Financial charges +€362
up €362 (+76.9%), from €471 to €834
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,049 | €3,522 | -€19,527 | -84.7% |
| Fixed assets | 21/28 | €1,767 | €1,161 | -€606 | -34.3% |
| Tangible fixed assets | 22/27 | €1,767 | €1,161 | -€606 | -34.3% |
| Furniture and vehicles | 24 | €1,767 | €1,161 | -€606 | -34.3% |
| Current assets | 29/58 | €21,282 | €2,361 | -€18,921 | -88.9% |
| Amounts receivable within one year | 40/41 | €4,495 | €1,688 | -€2,807 | -62.4% |
| Trade receivables | 40 | €4,495 | €1,688 | -€2,807 | -62.4% |
| Cash at bank and in hand | 54/58 | €16,328 | €205 | -€16,124 | -98.7% |
| Deferred charges and accrued income | 490/1 | €459 | €469 | +€9 | +2.0% |
| Total equity and liabilities | 10/49 | €23,049 | €3,522 | -€19,527 | -84.7% |
| Equity | 10/15 | €10,620 | -€12,474 | -€23,093 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,120 | -€13,974 | -€23,093 | |
| Amounts payable | 17/49 | €12,429 | €15,996 | +€3,566 | +28.7% |
| Amounts payable within one year | 42/48 | €12,339 | €15,403 | +€3,065 | +24.8% |
| Trade debts | 44 | €5,707 | €2,307 | -€3,400 | -59.6% |
| Suppliers | 440/4 | €5,707 | €2,307 | -€3,400 | -59.6% |
| Taxes, remuneration and social security | 45 | €2,478 | €2,338 | -€141 | -5.7% |
| Taxes | 450/3 | €2,478 | €2,338 | -€141 | -5.7% |
| Other amounts payable | 47/48 | €4,153 | €10,759 | +€6,605 | +159% |
| Accrued charges and deferred income | 492/3 | €91 | €593 | +€502 | +553% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50 | €606 | +€555 | +1,100% |
| Other operating charges | 640/8 | €759 | €561 | -€198 | -26.1% |
| Gross operating margin | 9900 | €7,751 | -€20,830 | -€28,582 | |
| Operating profit (loss) | 9901 | €6,942 | -€21,997 | -€28,939 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €471 | €834 | +€362 | +76.9% |
| Recurring financial charges | 65 | €471 | €834 | +€362 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €6,470 | -€22,831 | -€29,301 | |
| Income taxes | 67/77 | €416 | €262 | -€154 | -36.9% |
| Profit (loss) for the period | 9904 | €6,054 | -€23,093 | -€29,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,054 | -€23,093 | -€29,147 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.